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Sustainable and Responsible Investing in the United States

US SIF is the membership association for professionals engaged in sustainable and responsible investing, advancing investment practices that consider environmental, social, and governance criteria.

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Sustainable and Responsible Investing in the United States

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  1. CDFI INSTITUTE February 25,2015

  2. Who is US SIF? We are the membership association for professionals, firms, institutions and organizations engaged in sustainable and responsible investing in the United States. Mission US SIF advances investment practices that consider environmental, social and corporate governance criteria to generate long-term competitive financial returns and positive societal impact.

  3. Who are our Members? • Institutional Investors • Researchers • Foundations • Community Investment Institutions • Financial planners • Analysts • Banks • Mutual funds • Portfolio managers

  4. Challenges in achieving greater community investments • Different investor types have different return expectations, making it impossible to market a “one size fits all” community investing product; • Investors lack knowledge about community-oriented investment products; and • There is a shortage of community investment products that have the scale appropriate for larger institutional investors.

  5. Increasing CI Investment • Continue pursuing innovative community investment products in new asset classes for both institutional and retail investors in order to reach communities with real needs. • Identify the investor type and tailor product to their needs, distribution channel and risk profile. • Centralization of information and consistent messaging about impact and returns.

  6. Contact Us: Lisa Woll CEO US SIF and US SIF Foundation lwoll@ussif.org www.ussif.org

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  8. CDFI Institute February 25, 2015

  9. Legal Disclaimer The information contained herein is for information purposes only and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any security or instrument. All economic projections in this presentation are estimates that the Equity Trust believes are fair and reasonable based on the information available to it as of January 2015. Such estimates are not guarantees of performance, are subject to change at any time and are nothing more than good faith estimates as of such date.

  10. The Housing Partnership Network • The Housing Partnership Network is both the sponsor of and an investor in the Equity Trust The Housing Partnership Network: • Leads a business collaborative of affordable housing and community development nonprofits. • Represents 100 of the nation’s leading developers, owners and CDFIs. • Leverages peer exchange among members to fuel innovation and advance policy for the sector. • Creates, capitalizes and manages social enterprises. • Achieves scale while maintaining local reach and accountability. • Employs private sector strategies to deliver mission results.

  11. Equity Investment Opportunity • Institutional investors want scalable, high impact investments led by a sponsor with a proven track record. • The Housing Partnership Equity Trust acquires and preserve affordable and workforce housing through joint ventures with its 12 nonprofit members. • The 12 members are all highly respected nonprofit operators and developers who share a mission to provide affordable housing. They collectively own over 60,000 apartment units with a value of over $3 Billion. • An investment in the Equity Trust leverages the substantial infrastructure developed by these members to generate a risk appropriate economic return and achieve proven and quantifiable social outcomes. • The Equity Trust is currently seeking additional equity investments from select investors. This equity will enable the Equity Trust to grow its portfolio and more fully build out its infrastructure in anticipation of a larger capital raise.

  12. 12 Non-ProfitMembers-Owners 85.7% ($2,400,000) Housing Partnership Network 14.3% ($400,000) Structure Common EquityInterests of LLC FordFoundation 33.3% ($5,000,000) The “REIT’s Parent” Housing Partnership Equity Trust, LLC Preferred EquityInterests of LLC MacArthurFoundation 66.6% ($10,000,000) Citibank/Morgan Stanley ($65,000,000- debt) Class BCommon EquityUnits Prudential 100% ($17,000,000 Class APreferred Units Housing Partnership Fund (CDFI) Guarantor The “REIT” Housing Partnership Equity Trust REIT I, LLC Borrower Institutional Investors- pending ($50,000,000) Borrower Class DPreferred Units Compliance shareholders100% ($62,500) Class C Preferred Units

  13. Investment Process • Members source deals; HPET provides capital and enhances execution capability

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